Brookfield Homes Confirms Payment Of Previously Announced Special Dividend.Business Editors DEL MAR Del Mar is the name of several places in the United States of America:
Special Dividend - Brookfield Homes (NYSE NYSE See: New York Stock Exchange :BHS BHS beta-hemolytic streptococci. ) today arranged for payment of its previously announced special dividend. In general, the cash payment of $4.50 per common share for shareholders holding more than 222 shares will be net of any applicable United States withholding tax The amount legally deducted from an employee's wages or salary by the employer, who uses it to prepay the charges imposed by the government on the employee's yearly earnings. on the total dividend amount of $9.00 per share. Shareholders holding fewer than 223 shares will receive the entire $9.00 special dividend in cash, net of any applicable United States withholding tax. The Company's subordinated notes to be distributed have been approved for listing on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. ("NYSE"), and are expected to trade through the NYSE's Automated Bond System Automated bond system (ABS) The computerized system that records bids and offers for inactively traded bonds until they are cancelled or executed on the NYSE. Automated Bond System ("ABS"), under the symbol BHS20, beginning May 3, 2004. The Company's common shares will commence trading ex-dividend on May 3, 2004, the date set by the NYSE. For further information, please refer to the Company's "Questions and Answers Regarding the Special Dividend" under the Investor Relations Investor relations The process by which the corporation communicates with its investors. section of Brookfield Homes' website at www.brookfieldhomes.com. Brookfield Homes Corporation Brookfield Homes Corporation is a residential homebuilder and land developer, building homes and developing land in master-planned communities and infill locations. We design, construct and market single-family and multi-family homes primarily to move-up and luxury homebuyers. We also develop land for our own communities and sell lots to other homebuilders. Our portfolio includes over 20,000 lots owned and controlled in the San Francisco Bay Area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation). The San Francisco Bay Area, colloquially known as the Bay Area or The Bay ; Southland / Los Angeles; San Diego / Riverside; Sacramento and Northern Virginia markets. For more information, visit the Brookfield Homes website at www.brookfieldhomes.com. Note: Certain statements in this press release that are not historical facts, including information concerning the expected special dividend payment, and those statements preceded by, followed by, or that include the words "planned", "should", "goals", "expected", "targeted," "scheduled" or similar expressions, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Undue reliance should not be placed on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which may cause the actual results to differ materially from the anticipated future results expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those set forward in the forward-looking statements include, but are not limited to: changes in general economic, real estate and other conditions; mortgage rate changes; availability of suitable undeveloped land at acceptable prices; adverse legislation or regulation; ability to obtain necessary permits and approvals for the development of our land; availability of labor or materials or increases in their costs; ability to develop and market our master-planned communities successfully; confidence levels of consumers; ability to raise capital on favorable terms; adverse weather conditions and natural disasters; relations with the residents of our communities; risks associated with increased insurance costs or unavailability of adequate coverage and ability to obtain surety bonds; competitive conditions in the homebuilding industry, including product and pricing pressures; and additional risks and uncertainties referred to in our Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and other SEC filings, many of which are beyond our control. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. |
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